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[From the article: Amazon was talking with book
publishers about launching a Netflix-like service for digital books, in which
customers would pay an annual fee to access a library of content, The Wall
Street Journal reported Monday, citing people familiar with the matter. It was
unclear how much traction the proposal has, the people said. Several publishing
executives said that they were not enthusiastic about the idea because they
believe it could lower the value of books and strain their relationships with
other retailers selling their books, they said.Amazon did not immediately
respond to requests for comment Sunday. The proposal was another sign that
retailers were looking for more ways to deliver content digitally as customers
increasingly read books and watch TV on computers, tablets and other electronic
devices.]

SEATTLE
– Amazon was talking with book publishers about launching a Netflix-like
service for digital books, in which customers would pay an annual fee to access
a library of content, The Wall Street Journal reported Monday, citing people
familiar with …

[From mashable.com: The details about
the project are scarce, but it appears that the library would primarily contain
older works with restrictions on how many books a user can access each month.
The service would also be available to subscribers of Amazon Prime, a
membership program that gives users free shipping and access to movies and TV
shows for $79 per year. Amazon has been on a roll this year, having launched
Amazon Prime in February and a subsidized
version of Kindle in May. The retail giant reported a 51% jump in revenues
for Q2 2011 and the fastest
growth in a decade. Source: http://mashable.com/2011/09/12/amazon-netflix-books/]